The argument that we had to bail out the banks, reduce interest rates and start quantitative easing or it would be the end of the world is wearing thin.
Low interest rates and quantitative easing has bailed out those who made mistakes and those who were sensible are paying for it. This article (1) backs up this point with Fergus admitting that the low interest rate has kept them going. These low rates come as a cost to the next generation and those who are not in debt.
1 http://www.guardian.co.uk/money/2010/mar/06/buy-to-let-fergus-judith-wilson?showallcomments=true#end-of-comments
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment